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Patanjali is targeting to become bigger than unilever in India in next 2 to 3 years Also is very positive on Ruchi Soya Industries with focus to be on palm oil in a very big way
After the acquisition of Ruchi Soya, Patanjali expects a three-fold growth, become a major player in the edible oil category and take a lead in the domestic production of soyabean oil, sunflower oil and palm oil.
ICICI Bank "We expect reduction in gross NPLs on the back of write-offs and slippages at around 1.5 percent (of total loan book) levels. Credit costs to decline sharply QoQ on account of resolutions in a few large cases like Essar Steel, Ruchi Soya, JP Power. (1/2)
Restrict competition from imports now that Baba ji's company has acquired Ruchi Soya.
UCO Bank on Saturday said it has recovered Rs 800-900 crore from four large stressed accounts in the December quarter. The accounts comprise those of RattanIndia Power, Essar Steel, Ruchi Soya and Prayagraj Power, a top official of the state-owned lender said.
Ruchi Soya | Read full article to see the new exposure banks are taking with Patanjali Ayurved's acquisition.
Patanjali is taking loans from bankers (mentioned below) to pay for Ruchi Soya's acquisition SBI PNB Union Bank of India Syndicate Bank Allahabad Bank Top lenders to Ruchi Soya are: SBI Central Bank of India PNB Corporation Bank ICICI Bank IDBI Bank Bank of India
Patanjali Ayurved Ltd. has completed its acquisition of Ruchi Soya Industries Ltd. under the Insolvency and Bankruptcy Code, according to two people in the know. The ayurvedic product's maker paid Rs.4800Cr. #MOMarketUpdates
#SharekhanFNA As per media reports Patanjali completes acquisition of Ruchi Soya for Rs 4,350 cr, Of which ~Rs 4,053 cr to be paid to secured financial creditors, Positive for SBI (has exposure of ~Rs 1,800 cr), Central Bk of India (Rs 816 cr), PNB (Rs 743 cr) #SharekhanKar